Interest rates fell again last week, and homebuyers took advantage across the board, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending December 11.
It’s that time of the year, folks, when prognosticators dust off their crystal balls, consult the oracles and offer their predictions for the coming year. Redfin, Seattle, kicks things off with a bold prediction: after nearly a year of the devastating effects of the coronavirus, more people will relocate in 2021 than in the previous decade.
The Mortgage Bankers Association announced its grassroots advocacy arm, the Mortgage Action Alliance, reached a record-setting milestone of more than 70,000 active members nationwide.
More than 12 years after the federal government placed Fannie Mae and Freddie Mac under conservatorship—and seemingly no closer to moving them out of conservatorship—the Mortgage Bankers Association and several industry trade groups urged the Treasury Department to promote “critical reforms” of the GSEs and bolster their safety and soundness.